Bitcoin dropping today
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Why is bitcoin dropping today

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A bankruptcy protection scheme (called the ‘Civil Rehabilitation Plan’), which promised billions of dollars in Bitcoin as compensation, was accepted last month by about 99 per cent of the creditors of the now-defunct exchange. However, the apprehension still runs high: if the creditors – who will now receive more than 140,000 units of Bitcoin – sell their holdings, it would naturally place downward pressure on the price of bitcoin, thereby driving its value down. Bitcoin price down Visit a quote page and your recently viewed tickers will be displayed here.

Why did bitcoin go down today
So that's the already difficult backdrop for Bitcoin - and then, the past 24 hours saw these developments: 7 of the Best Long-Term Stocks to Buy While the general public perceives Bitcoin as some kind of physical looking coin, it is actually far from that. Under the hood, it is actually a distributed accounting ledger that is stored in a form of a chain of blocks, hence the name blockchain.
Why is bitcoin falling right now

Can Bitcoin's Price Drop to Zero?

The cause of the most recent disruption: the coming liquidation of crypto-friendly bank Silvergate. This news comes on the heels of the U.S. government moving $1 billion in seized Bitcoin to Coinbase-controlled wallets on Wednesday. Bitcoin Price Prediction: Can Bitcoin Reach $1,000,000 by 2025? Bitcoin was trading 0.60% lower early on Monday morning with a price above $48,000. (istock / iStock)

How much did bitcoin drop today
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. Is Bitcoin a Good Investment? Probing the intersection of crypto and government.